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2. Alternative minimum tax - Wikipedia

   en.wikipedia.org/wiki/Alternative_minimum_tax

   The alternative minimum tax (AMT) is a tax imposed by the United States federal government in addition to the regular income tax for certain individuals, estates, and trusts. As of tax year 2018, the AMT raises about $5.2 billion, or 0.4% of all federal income tax revenue, affecting 0.1% of taxpayers, mostly in the upper income ranges.

3. What Is the Alternative Minimum Tax and Will It Cost You Big ...

   www.aol.com/alternative-minimum-tax-cost-big...

   Alternative Minimum Tax Exemptions. Filing Status. 2020 . AMT Exemption. Phaseout Begins. Single/Head of Household. $72,900. $518,400. Married Filing Jointly

4. The IRS just announced big tax changes for 2025 - AOL

   www.aol.com/finance/irs-just-announced-big-tax...

   Middle-income earners will be happy to hear that the Alternative Minimum Tax exemption, designed to ensure that high earners pay a minimum tax, ... The 37% top tax rate applies to singles earning ...

5. IRS Form 6251: Alternative Minimum Tax (AMT) - AOL

   www.aol.com/finance/irs-form-6251-alternative...

   The AMT is typically triggered by tax filers whose income exceeds the annual AMT exemption for that year. For tax year 2021 (which you file in 2022), the exemption is $73,000 for single ...

6. Omnibus Budget Reconciliation Act of 1993 - Wikipedia

   en.wikipedia.org/wiki/Omnibus_Budget...

   The AMT tax rate was increased from 24% to tiered rates of 26% and 28%. [4] Part IV Section 14131: Expansion of the Earned Income Tax Credit and added inflation adjustments. $255 billion in spending cuts over a five-year period; much of the cuts affected Medicare or the military. [5]

7. How the 2024 Election Could Impact Your Paycheck - AOL

   www.aol.com/2024-election-could-impact-paycheck...

   Donald Trump and Kamala Harris propose very different approaches to tax policy, minimum wage, and employment regulations. Learn how they affect your paycheck. How the 2024 Election Could Impact ...

8. Tax Reform Act of 1969 - Wikipedia

   en.wikipedia.org/wiki/Tax_Reform_Act_of_1969

   The Tax Reform Act of 1969 (Pub. L. 91–172) was a United States federal tax law signed by President Richard Nixon in 1969. Its largest impact was creating the Alternative Minimum Tax, which was intended to tax high-income earners who had previously avoided incurring tax liability due to various exemptions and deductions.

9. New 2024 Tax Brackets May Lead to More Money in Your ... - AOL

   www.aol.com/finance/2024-tax-brackets-may-lead...

   For tax year 2024, the top tax rate remains 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly). The other rates are: